2010 (4) TMI 952

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ion filed by the Revenue for recall of Final Order No. 1267/09, dated 11-9-2009. 2. Vide the final order cited supra, the demand of Rs. 3,63,467/- representing reversal of 50% of the credit taken by the assessee in the second year, together with interest was set aside on the ground that there was no simultaneous availment by the assessee of 50% Cenvat credit (second instalment) and benefit of de .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he next financial year i.e., in the year in which balance 50% of credit was availed. They had availed only 50% of the Cenvat credit on those capital goods and deducted the same from the value of the capital goods for depreciation purpose and deducted balance 50% from the value in the next year i.e., in the year in which they claimed credit. Therefore, they availed the claim for depreciation on the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X